Livforsakringsbolaget Skandia Omsesidigt Has $58,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Livforsakringsbolaget Skandia Omsesidigt grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 182.4% during the 4th quarter, HoldingsChannel reports. The firm owned 929 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Xcel Energy were worth $58,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in shares of Xcel Energy by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock worth $18,448,000 after acquiring an additional 7,679 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Xcel Energy by 47.7% during the fourth quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock worth $7,121,000 after acquiring an additional 37,131 shares during the period. Seven Eight Capital LP raised its holdings in shares of Xcel Energy by 930.5% during the third quarter. Seven Eight Capital LP now owns 45,918 shares of the company’s stock worth $2,627,000 after acquiring an additional 41,462 shares during the period. First Bank & Trust raised its holdings in shares of Xcel Energy by 66.8% during the fourth quarter. First Bank & Trust now owns 70,404 shares of the company’s stock worth $4,359,000 after acquiring an additional 28,187 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Xcel Energy by 15.6% during the third quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after acquiring an additional 8,644,054 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. Barclays upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $61.00 to $54.00 in a report on Monday, March 11th. TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research report on Monday, March 11th. Wells Fargo & Company raised their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, KeyCorp decreased their target price on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.83.

Xcel Energy Stock Performance

Shares of XEL opened at $54.72 on Friday. The firm has a 50-day moving average of $54.16 and a 200-day moving average of $58.14. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.32. The company has a market cap of $30.40 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business earned $0.69 EPS. The business’s revenue was down 15.1% on a year-over-year basis. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be issued a dividend of $0.548 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 4.01%. Xcel Energy’s payout ratio is presently 68.22%.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.